Key Points
- Insider sale: John Hornby sold 505,000 Luceco shares at GBX 224 each, worth approximately £1.13 million. He had also sold 1.1 million shares in May for a combined £2.97 million.
- Stock performance: Luceco opened at GBX 220 and was trading down 1.3%, with a market capitalization of approximately £323.8 million. Its shares have traded between GBX 111.60 and GBX 291 over the past year.
- Analyst outlook: Analysts maintain a “Moderate Buy” consensus, with three Buy ratings and one Hold rating and an average price target of GBX 295, above the current share price.
Luceco plc (LON:LUCE - Get Free Report) insider John Hornby sold 505,000 shares of Luceco stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of GBX 224, for a total value of £1,131,200.
John Hornby also recently made the following trade(s):
- On Tuesday, May 26th, John Hornby sold 1,000,000 shares of Luceco stock. The stock was sold at an average price of GBX 269, for a total value of £2,690,000.
- On Wednesday, May 27th, John Hornby sold 100,000 shares of Luceco stock. The stock was sold at an average price of GBX 276, for a total value of £276,000.
Luceco Trading Down 1.3%
LON:LUCE opened at GBX 220 on Tuesday. The firm has a market capitalization of £323.82 million, a P/E ratio of 16.42, a P/E/G ratio of 0.62 and a beta of 1.34. The business has a 50 day simple moving average of GBX 248.53 and a 200 day simple moving average of GBX 220.86. The company has a debt-to-equity ratio of 60.83, a current ratio of 1.90 and a quick ratio of 1.51. Luceco plc has a 12-month low of GBX 111.60 and a 12-month high of GBX 291.
Wall Street Analyst Weigh In
Several equities research analysts have commented on the stock. Berenberg Bank raised their price target on shares of Luceco from GBX 270 to GBX 300 and gave the company a "buy" rating in a research note on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft lowered Luceco to a "hold" rating and set a GBX 260 price objective for the company. in a report on Wednesday, July 29th. Jefferies Financial Group reissued a "buy" rating and issued a GBX 320 price target on shares of Luceco in a research note on Monday, August 10th. Finally, Peel Hunt restated a "buy" rating and set a GBX 300 price objective on shares of Luceco in a research note on Monday, August 10th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, Luceco currently has an average rating of "Moderate Buy" and a consensus target price of GBX 295.
Get Our Latest Stock Analysis on Luceco
About Luceco
(
Get Free Report)
Luceco plc manufactures and distributes wiring accessories and LED lighting and portable power products in the United Kingdom, Europe, the Middle East, the Americas, the Asia Pacific, and Africa. It offers wiring accessories, including switches and sockets, circuit protection products, outdoor wiring devices, junction boxes, cable management products, and commercial power and accessories under the British General and Nexus brands. The company also provides LED lighting products, such as residential and commercial, interior and exterior, mains and solar, and work and site lighting products under the Luceco, Kingfisher Lighting, and DW Windsor brand names; and portable power products comprising electric vehicle chargers, extension leads, cable reels, and adapters and accessories under the Masterplug, Ross, and Sync EV brands.
Further Reading
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